PM Modi declares Rs 500, 1000 notes to be void from midnight

In a move to curb the black money menace, PM Narendra Modi declared that from midnight, currency notes of Rs 1000 and Rs 500 denomination will not be legal tender. "You have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 & Rs 1000 in any Bank or Post office," PM Modi told the nation in a televised address to the nation.